Earnings estimates for Alliant Energy Corporation LNT have been revised upward over the past 60 days, reflecting analysts’ optimism surrounding the stock. The Zacks Consensus Estimate for 2019 earnings has moved up 0.9% during the said period.
Alliant Energy, together with its subsidiaries, is engaged in regulated electric and natural gas services.
Let’s focus on the factors that make Alliant Energy a good investment option at the moment.
In the past 12 months, Alliant Energy’s shares have gained 19.2% compared with its industry’s rally of 14.8%.
Earnings & Revenue Estimate Revision
Alliant Energy’s earnings estimates for 2019 and 2020 indicate 3.23% and 8.11% increase on a year-over-year basis to $2.24 and $2.43 per share, respectively.
Revenue estimates for 2019 and 2020 indicate 3.47% and 5.30% increase on a year-over-year basis to $3.66 billion and $3.85 billion, respectively.
Return on Equity (ROE)
Alliant Energy’s ROE of 11.65% compared with the industry average of 9.18% indicates efficiency in utilizing its shareholders’ funds.
Long-Term Growth and Dividend Yield
The company’s long-term (three to five years) earnings growth is pegged at 5.96%, courtesy of investment in regulated natural gas and renewable energy assets, and strong state economies in its service territories.
The current dividend yield of the company is 3.01% compared with its industry’s 2.91%.
Zacks Rank & Other Key Picks
Alliant Energy currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other top-ranked stocks from the same industry include Pinnacle West Capital Corporation PNW, The Southern Company SO and Xcel Energy Inc. XEL, each holding a Zacks Rank of 2.
Pinnacle West Capital pulled off average positive earnings surprise of 13.3% in the last three quarters. The Zacks Consensus Estimate for 2019 earnings has been revised 0.8% upward to $4.85 over the past 60 days.
Southern Company reported average positive earnings surprise of 7.85% in the trailing four quarters. The Zacks Consensus Estimate for 2019 earnings has moved 0.7% north to $3.03 per share over the past 60 days.
Xcel Energy surpassed estimates in three out of the trailing four quarters, resulting in average positive surprise of 5.09%. The Zacks Consensus Estimate for 2019 earnings has moved 0.03% north to $2.62 over the past 60 days.
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